Metro Manila’s office space take-up is seen to increase in 2018 after hitting another all-time high last year, a property brokerage services company said on Monday. In a media briefing, Leechiu Property Consultants President David Leechiu said 2017’s take-up rose to 775,000 square meters (sqm). Leechiu is confident the market would meet the 937,000 sqm office take-up goal this year. The sector, which saw its office take-up drop 26 percent to 358,000 sqm last year, will grow to 485,000 sqm in the next two years. The online gaming industry, with posted a 234,000 sqm office take-up in 2017, is expected to grow 15 percent annually until 2020.

Source: Manila Times February 19, 2018 16:07 UTC